Abstract

This chapter reviews recent advances in the literature on mental accounting - the process by which people group expenses into categories, assign funds to these categories, determine budgets, and perform elements of cost-benefit analyses. We focus in particular on mental accounting within the context of consumer financial decision-making and highlight some of the notable work in this growing area that examines how mental accounting influences budgeting, spending, and investment decisions. The chapter concludes by suggesting several promising avenues for future work.

SSRN Rankings

About SSRN

We use cookies to help provide and enhance our service and tailor content.By continuing, you agree to the use of cookies. To learn more, visit our Cookies page.
This page was processed by aws-apollo4 in 0.172 seconds